BigBear.ai (NYSE:BBAI) Sets New 1-Year Low – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price reached a new 52-week low during trading on Saturday. The stock traded as low as $2.58 and last traded at $2.6350, with a volume of 25079871 shares. The stock had previously closed at $2.74.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BBAI. Wall Street Zen lowered BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday, July 17th. Finally, Cantor Fitzgerald lowered their target price on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.00.

BigBear.ai Trading Down 0.6%

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -12.55 and a beta of 3.37. The company has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $3.49. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The firm had revenue of $36.75 million during the quarter, compared to analysts’ expectations of $36.37 million. During the same quarter last year, the firm earned ($0.71) earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBAI. Root Financial Partners LLC grew its holdings in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after purchasing an additional 4,631 shares during the period. A&I Financial Services LLC purchased a new position in BigBear.ai during the second quarter worth about $37,000. Hollencrest Capital Management acquired a new position in BigBear.ai in the 1st quarter valued at about $41,000. Krilogy Financial LLC purchased a new stake in shares of BigBear.ai in the 1st quarter valued at approximately $43,000. Finally, DV Trading LLC increased its holdings in shares of BigBear.ai by 160.8% during the 1st quarter. DV Trading LLC now owns 13,344 shares of the company’s stock worth $47,000 after buying an additional 8,227 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence, machine learning and data analytics solutions designed to help organizations make decisions in complex, data-intensive environments. The company’s capabilities include predictive analytics, computer vision, data integration, cloud-based systems and decision-support tools that help customers monitor conditions, identify risks, forecast outcomes and coordinate operations.

The company primarily serves the U.S. government, including defense, intelligence, national security, border security and transportation-related agencies.